FET/USD is currently trading around $1.84, consolidating within a symmetrical triangle pattern on the 4H chart after a volatile Q2 that saw the token peak near $2.45 in late April before a broad AI-narrative correction dragged it to a June low of $1.52. Price has since recovered and is coiling tightly between key levels. Immediate resistance sits at $1.92 (50-day EMA convergence zone) with stronger overhead supply at $2.10–$2.15, where the 200-day MA and the 61.8% Fibonacci retracement of the April-June sell-off intersect. Support is established at $1.72 (20-day EMA and prior consolidation base) with a more significant floor at $1.55–$1.58. RSI on the daily is reading 54, recovering from oversold conditions but not yet indicating overbought momentum — constructive territory for a continuation move. MACD on the daily has just completed a bullish crossover with the signal line, the histogram flipping positive for the first time since early May — a meaningful development. Volume on recent up-days is modestly outpacing down-days, suggesting accumulation behavior. The Stochastic RSI on the 4H recently crossed bullish from the 30 zone. A decisive daily close above $1.92 with volume confirmation would open a measured move target toward $2.20–$2.28. However, failure to hold $1.72 on any retest would negate the bullish structure and risk a retest of $1.55. AI sector sentiment and BTC correlation remain key macro variables — broader market risk appetite is supportive heading into the week.

This is not financial advice. Content is AI-generated.